TriOptima CDS compression cycles eliminate $30.2 trillion in notional principal during 2008

NEW YORK--(Business Wire)--
TriOptima`s portfolio compression service, triReduce, eliminated $30.2 trillion
in CDS notional principal during 2008. TriOptima offered 50 compression cycles
in 2008 contributing significantly to industry efforts to reduce the notional
principal outstandings. Reductions in notional principal continued to accelerate
throughout 2008, increasing 300% over 2007 levels as indicated in the graph
below.

"In cooperation with the dealing community, we were able to accommodate the
demand for additional regular cycles and support the special default cycles that
were required as market conditions deteriorated," commented Brian Meese, Group
CEO. "It is important to note that the $30.2 trillion notional eliminated by the
dealers this year exceeds the year end outstandings of $29.3 trillion reported
by DTCC. By reducing exposures through regular compression cycles the dealers
were able to continue providing effective risk mitigation tools while responding
to regulatory concerns about counterparty exposure and operational challenges."

TriOptima`s CDS compression cycles include American, European, Emerging Market,
Asian and Japanese indices; ABX and CMBX indices; American and European
tranches; US, European, Emerging Market, Japanese, and Asian single name CDS;
and special cycles for single names and indices affected by credit events like
Washington Mutual, Fannie Mae, Freddie Mac, Lehman and the Icelandic banks.

About TriOptima

TriOptima is the award-winning supplier of technology-leveraged post trade
processing services including triReduce and triResolve.

triReduce, the portfolio compression service for OTC derivative dealers,
pioneers technology that eliminates risk and reduces operational and capital
costs. Serving over 120 bank and non-bank subscribers worldwide includingthe
major local and global dealers in derivatives, triReduce is a critical tool for
maintaining post trade processing efficiency.

triResolve is a network community service for proactive portfolio reconciliation
of OTC derivative portfolios. Used by global dealers, regional banks and
buy-side firms, triResolve currently handles more than 60% of all OTC derivative
transactions globally. The service benefits trade control, settlement,
documentation, collateral and counterparty credit risk functions. Web-based,
interactive, with advanced matching and reporting capabilities, the triResolve
service reconciles all OTC derivative products, from plain vanilla to complex
structures.

TriOptima maintains offices in Stockholm, London, New York, and Singapore.
TriOptima is a privately-held company owned by its employees and directors with
a significant minority interest held by ICAP plc.

TriOptima
Susan Hinko, + 1 646 744 0410
Global Head of Industry Relations
susan.hinko@trioptima.com
or
Meredith Sledd Lindquist, +46 8545 25 664
Global Head of Marketing
meredith.sledd.lindquist@triopima.com

Copyright Business Wire 2009